Rob C 826 Posted July 27, 2019 Great job with the interview. I just watched it. Congrats on being the top equities trader on the DAS challenge!! 2 1 Share this post Link to post Share on other sites
IamKarthi 342 Posted July 29, 2019 On 7/27/2019 at 8:22 PM, Rob C said: Great job with the interview. I just watched it. Congrats on being the top equities trader on the DAS challenge!! Thank you so much! Share this post Link to post Share on other sites
JenniferL 27 Posted July 29, 2019 Hi Vikram! I watched your interview last night -- thanks so much for sharing your experience! Looks like we are neighbors -- I live just outside of Zürich! Tchüss! 1 Share this post Link to post Share on other sites
IamKarthi 342 Posted July 29, 2019 10 hours ago, JenniferL said: Hi Vikram! I watched your interview last night -- thanks so much for sharing your experience! Looks like we are neighbors -- I live just outside of Zürich! Tchüss! Vielen Dank Jennifer! Actually, I was supposed to take up a project in Basel 4 years back, but ended up in Duesseldorf. Share this post Link to post Share on other sites
IamKarthi 342 Posted July 29, 2019 (edited) 29.Jul.19 No Trading today. I couldn't do the Premarket analysis and BBT community chatroom was also down at the open. Enough reasons for me to skip Trading today. Edited July 30, 2019 by IamKarthi Share this post Link to post Share on other sites
IamKarthi 342 Posted July 30, 2019 (edited) 30.Jul.19 small Red day. -1R. Overall I had some good trades and more ordinary trades today. My ordinary trades/commissions are eating up my profit from good trades. Also, I may be looking for more RR on some setups, where I am not taking upto 2R profits to get stopped out for -R. I have some preparations to do before starting Aug month Trading. Watchlist: $FB, $MU, $PG, $PFE and $UAA. I was watching $FB at the open. $FB was below 20MA on daily, and Harmonious on all timeframes, i thought it would close the cap to 50MA. This may happen tomorrow. Trade 1: $AAPL. Strong at the open, but the price bounced off VWAP and open higher and went to HOD. This is not my setup, and I traded the price action here. In terms of Poker card ranking, this would be just a PAIR, which doesn't win many games. And so, I got stopped out. Trade 2: $AAPL. Immediately I saw the 200MA on 5min and 50MA on 15min acting strong resistence, I took Short. Now this is one of my setups MA bounce reversal with Double shooting star on 1min. I took one partial early (Trade1 messing up my mind) and then at the 200MA on1min. Trades 3&4: $AAPL. I took 2 more trades on that at Breakeven under ordinary setups. Trade 5: $FB. I was short biased on $FB from the daily. So when the price reached 200MA(5min)/PCL/Y low, I took it short, realized it was too strong and got out. Should have waited for confirmation. Another ordinary setup. A PAIR. Trade 6: $MU. $MU formed triple top on 1min, missed entry, But when the price pulled up to VWAP and formed a shooting star (alike), I took it short. Missed 2R move and got out at BE with 50% sharesize. Setup was good. VWAP pullback Short. Trade 7: $OSTK. Another ordinary setup, was looking for fallen angel setup on $OSTK, it kind of formed one, Took long, stopped out. Another long, realized this was ordinary setup and got out at BE. A PAIR. Trade 8: $TWTR. ABCD pattern. Long after ABCD pattern, got stopped out to the penny. Took it long again, Price moved to 2R, but got stopped out at BE. Was hoping to get the move to $42. Good: Traded 3 good setups. Improvement: Few very ordinary setups, eating up profit from good setups. Good setup partials need to improve, I either don't take it or take it quickly. Missed 2R move on $MU and $TWTR. Had I taken it I would have closed the day at daily goal. Edited July 31, 2019 by IamKarthi 2 Share this post Link to post Share on other sites
IamKarthi 342 Posted July 31, 2019 (edited) 31.Jul.19 Green day. 4R. Today is a day of Patience for me. Took the first trade only at 12.25PM. Did the premarket analysis, watched the open, didn't take beautiful setups on $AMD (MA rejection- 2nd min) $AAPL (Flattop breakout - 4th min) and $GE (ORB - 20th min). Just wanted to make sure I don't take any ordinary setups. Watchlist: $AMD, $MU, $FB, $AAPL also watching $ENPH, $TWOU Trade1: $TWOU. $TWOU was bearish the whole morning, afternoon it reversed and I took long after the MA cross and the price bounced inside of 50MA. Partial at 2R, 3R and stopped out at 1R. Trade2: $TWTR. Took a scalp below the 50MA on 1/5 min, Federal announcement on rate cut happened then. Took very smal size and scalped, as everything was following SPY. Good: I was able to remain patient and calm, while everyone in the chatroom is taking their trades making money. I stuck to my rule and traded only setups. Didn't over trade, only 2 trades. Improvement: None today. Edited July 31, 2019 by IamKarthi 4 Share this post Link to post Share on other sites
IamKarthi 342 Posted August 1, 2019 (edited) 01.Aug.19 Green day. Today I wanted to try my other setup for the Open. I have seen this work on other stocks too (E.g $AMD yesterday). I was watching $WLL and $PS for this setup at the open. Watchlist: $AMD, $MU, $FB, $QCOM and $WLL, $PS Trade 1: $PS. The stock had gapped down today at the open. And during premarket, it kept selling. At the open it pulled back to MA (due to all the shorts covering at the open) and then $PS continues to go down. My main focus was getting the perfect entry today. My entry was just below VWAP. My stop was 5c above 50MA on 1min. And I had partialed at 2R, 4R and 6R. Entry - $20.9 Stop - 5c ($21.04) Profit - $20.71(2R), $20.5(4R), $20.26(6R) Price dropped to $19.42 (ie more than 20R) but I had no shares left Trade 2: $PS. I took 5min conventional ORB again, as the stock was very weak, but it failed me again and I got stopped out. Good: My objective was met in this trade, ie) attempting this setup and getting a perfect entry. Improvement: I could have held on to 10% of my shares, as the price dropped over 20R. I felt bad about leaving so much money on the table, but again my objective was met and I should be happy. Edited August 1, 2019 by IamKarthi 2 Share this post Link to post Share on other sites
Rob C 826 Posted August 2, 2019 14 hours ago, Mark D. said: Beautiful! Agreed!! Now I need to conjure up the courage to take a trade like that. 1 Share this post Link to post Share on other sites
IamKarthi 342 Posted August 2, 2019 (edited) 02.Aug.19 Red day. -1R. I was down -4R after the open, but ended at -R. Watchlist - $PINS, $SQ, $MU, $NVDA and $CRON. Watching $PINS(gapup) and $SQ(gapdown) at the open. Trade 1: $NTAP. Very good trade today. I took a reversal on this and made 2R on it. It's one of those Rubyred stairs setup, kind of rare setup. Trade 2: $CRON. Very Good trade. Took Reversal on 5min shootingstar/15min 200MA bounce. I just didn't have the patience till my target is reached, I got out early. Trade 3&4: $AAPL. $SQ did not give me the pullback that I look for at the Open. $PINS was very choppy. I moved to other stocks, Found $AAPL to give VWAP pullback short. Took 2 trades on it, didn't work out. Could have waited for more time Trade 5: $CC. $CC also provided the VWAP pullback short, a hotkey mistake resulted in -1R . Good: Traded 2 good setups on $CRON and $NTAP - Shootingstar/MA bounce reversal & RubyRed stairs setup. Both are A+ setups and had good RR. Improvement: I could have waited for more time when my watchlist didn't give any setup at the open. Instead jumped into $AAPL on a Ok setup. Both my good trades in $CRON and $NTAP offered me more, I was not patient enough to take it. I like to trade at the Open and finish in few mins. I just don't seem to have the patience for mid day trading. Not sure how I am going to deal with it, anyone has any suggestions? Edited August 2, 2019 by IamKarthi 2 Share this post Link to post Share on other sites
Mark D. 435 Posted August 2, 2019 Try some range orders on your midday trades and go do other stuff instead of watching every tick 1 Share this post Link to post Share on other sites
IamKarthi 342 Posted August 2, 2019 1 hour ago, Mark D. said: Try some range orders on your midday trades and go do other stuff instead of watching every tick Thanks Mark. I use Range order all the time. Once I put my range order, I get out of my seat, get some coffee etc., come back in 30-40 mins and then I''m like, ''ok that's enough" and close my position. I think I have patience for upto 30-40 mins, but not more than an hour. May be I need to get couple of miles away from my house, so I don't come back within an hour. Statistically I have only 9 trades that lasted over 40 mins out of 110 trades so far. Compartively, I have had 44 trades that lasted only 5 mins (500% more). 1 Share this post Link to post Share on other sites
IamKarthi 342 Posted August 5, 2019 05.Aug.19 No Trades today. $SPY was down 4th consecutive day and at 285. Most of the stocks were down. I do not like to trade days like this when almost all the stocks just follow SPY. I'd rather trade SPY but it is not in my price range, so No trades. I had $ALLK (gapup on earnings) on the watchlist, lowfloat, didn't trade well. So I played in SIM and made some good trades in $TWTR and $TSN, not journaling them here. 3 Share this post Link to post Share on other sites
misterchai 8 Posted August 5, 2019 (edited) This is exactly what I should have done today 😆 Edited August 5, 2019 by misterchai 2 poker_dealer in chat Share this post Link to post Share on other sites
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